Digimarc Corp. (DMRC) Shares Up 3.1%
Digimarc Corp. (NASDAQ:DMRC) rose 3.1% during mid-day trading on Friday . The stock traded as high as $38.35 and last traded at $38.15, with a volume of 102,005 shares changing hands. The stock had previously closed at $37.01.
DMRC has been the subject of several research reports. B. Riley reissued a “buy” rating and issued a $44.00 price objective on shares of Digimarc Corp. in a research report on Monday, May 2nd. Zacks Investment Research raised shares of Digimarc Corp. from a “sell” rating to a “hold” rating in a research report on Wednesday, May 4th. Finally, Craig Hallum initiated coverage on shares of Digimarc Corp. in a research report on Friday, June 17th. They issued a “buy” rating and a $48.00 price objective for the company.
The firm has a 50 day moving average of $35.63 and a 200 day moving average of $30.65. The firm’s market capitalization is $328.62 million.
Digimarc Corp. (NASDAQ:DMRC) last posted its quarterly earnings results on Tuesday, July 26th. The company reported ($0.62) earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.63) by $0.01. The business earned $5.46 million during the quarter, compared to analysts’ expectations of $5.62 million. The business’s quarterly revenue was down 5.9% on a year-over-year basis. During the same period in the prior year, the business posted ($0.50) earnings per share. Equities analysts expect that Digimarc Corp. will post ($2.38) earnings per share for the current fiscal year.
Digimarc Corporation (Digimarc) enables governments and enterprises to give digital identities to media and objects that computers can sense and recognize. The Company’s Digimarc Discover and Digimarc Barcode Intuitive Computing Platform are designed to optimize the identification of consumer brand impressions, facilitating mobile-centric shopping.
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